3901 S Steele St - Restaurant FOR SALE


Tacoma, WA 98409- South Tacoma
$4,400,000 USD
206-747-4338
3901 S Steele St, Tacoma, WA for Sale
$4,400,000 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

3901 S Steele St
Tacoma, WA 98409
South Tacoma


HIGHLIGHTS

  • Red Robin has occupied this build-to-suit location since 1983
  • Store sales are reported monthly and this location has a healthy 7.4% rent to sales ratio
  • Located next to the Tacoma Mall which receives an estimated 7,900,000 visits annually per Placer.ai
  • The property is surrounded by other popular national retailers such as Chickfil- A, REI, Buffalo Wild Wings and Starbucks.

OVERVIEW

Kidder Mathews is proud to offer the opportunity to acquire the Red Robin in Tacoma, Washington, prominently positioned near the Tacoma Mall which receives approximately 7,900,000+ visitors annually. Red Robin has operated at this build-to-suit location since 1983, a testament to the restaurant’s strong performance and long-standing success in the area. This opportunity features outstanding fundamental real estate, located at the main entrance to the Tacoma Mall and surrounded by popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

TACO

APN/PARCEL ID

420500-0101

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.